The U.S. Senate just passed the debt deal, averting the federal government's default on its debt. Democratic Sen. Bill Nelson, D-Fla., voted for it; Republican Sen. Marco Rubio cast a "no" vote.
Rubio on his vote: “I cannot support this plan because it fails to actually solve our debt problem, fails to diminish the risk of a credit rating downgrade and is not a long-term solution to avert a debt crisis."
Nelson: "This is not a perfect plan, but it’s something we need to have right now. Government spending must be cut. The public debt must be reduced – otherwise our economy will not recover and America will no longer be in good standing around the world."
The bill passed the House of Representatives Monday evening. It now goes to President Barack Obama for his signature.